On July 28, Peter Boockvar, CIO at One Point BFG Wealth Partners, joined Worldwide Exchange on CNBC to warn that high tariffs, weak earnings beyond tech, and inflated valuations may limit market upside despite record highs. In response to concerns about whether tariffs in the market might have been exaggerated, Peter Boockvar disagreed and stated that these concerns were not overblown. He explained that if the technology and communication sectors were excluded from the S&P, earnings growth would be less than 1%, with revenue growth around 3%, which is roughly in line with nominal GDP. He further supported his view by pointing to recent CPI data, which showed annualized gains in core goods prices, specifically on imported items, within just 1 month. He anticipated that the impact of tariffs would continue to play out for several more months. While acknowledging that reaching deals to potentially end the whole tariff thing in terms of eventual rates was positive, Boockvar stressed that the market still had to contend with the highest tariff rates seen in over a century.
Boockvar also explained that almost all of the current earnings growth was concentrated in just 2 sectors, with the rest of the S&P experiencing no earnings growth, and roughly half of the S&P actually seeing declines in earnings growth. Therefore, for the index to maintain its strength, continued dominance from large-cap tech companies was crucial, as earnings growth outside of this area was more reflective of the presently subdued nominal GDP growth. He concluded by stating that what the market was essentially witnessing was another expansion in the P/E multiple. For context, he pointed out that in March 2000, the forward 12-month P/E ratio was ~24.5x, whereas it was currently around 23x forward.
That being said, we’re here with a list of the 12 most profitable growth stocks to buy according to billionaires.
An overhead view of a bustling stock exchange, with brokers and traders exchanging stocks.
Our Methodology
We sifted through the Finviz stock screener and financial media reports to compile a list of the top companies with a TTM net income greater than $1 billion. We then screened 12 growth stocks with a market capitalization of over $1 billion from Insider Monkey’s database of billionaire holdings. These stocks are ranked in ascending order based on the number of billionaire investors holding positions, as of Q4 2024. We’ve also added the hedge fund sentiment for each stock, which was sourced from Insider Monkey’s database, as of Q1 2025.
Note: All data was collected on August 4.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
12 Most Profitable Growth Stocks to Buy According to Billionaires
12. Arista Networks Inc. (NYSE:ANET)
TTM Net Income as of August 4: $3.03 billion
Number of Hedge Fund Holders: 75
Dollar Value of Billionaire Holdings: $1.64 billion
Number of Billionaire Investors: 17
Arista Networks Inc. (NYSE:ANET) is one of the most profitable growth stocks to buy according to billionaires. On July 17, JPMorgan increased its price target for Arista Networks from $110 to $130 while maintaining an Overweight rating. The revision is based on the firm’s belief that strong spending in the cloud sector will drive growth for the company through H2 2025.
In Q1 2025, Arista Networks’ revenue reached ~$2 billion, which was a 27.6% increase year-over-year. Deferred revenue stood at $3.1 billion, which was a sequential increase from $2.8 billion. For Q2, Arista Networks provided revenue guidance of ~$2.1 billion. Earnings per share grew by 30% to $0.65. As of the end of the quarter, cash and investments totaled ~$8.15 billion.
Arista Networks also secured significant new customer wins across various sectors in Q1. However, the increase in product deferred revenue points to potential volatility in customer deployment schedules. Later on July 31, Samik Chatterjee from JP Morgan also maintained a Buy rating on Arista Networks, with a price target of $130.
Arista Networks Inc. (NYSE:ANET) develops, markets, and sells data-driven, client-to-cloud networking solutions for AI, data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
11. Boston Scientific Corporation (NYSE:BSX)
TTM Net Income as of August 4: $2.51 billion
Number of Hedge Fund Holders: 108
Dollar Value of Billionaire Holdings: $3.16 billion
Number of Billionaire Investors: 17
Boston Scientific Corporation (NYSE:BSX) is one of the most profitable growth stocks to buy according to billionaires. On July 24, Oppenheimer raised its price target for Boston Scientific from $110 to $118, while maintaining a Perform rating on the shares. The adjustment followed the release of the company’s Q2 2025 financial results.
In Q2, Boston Scientific generated a revenue of ~$5.1 billion, which was a 22.8% increase year-over-year. Adjusted EPS for the quarter was $0.75, compared to $0.62 in Q2 2024. The company’s Cardiovascular division saw the strongest growth with a 26.8% increase in net sales, while the MedSurg segment grew by 15.7%.
Boston Scientific also received US FDA approval for its FARAPULSE Pulsed Field Ablation/PF System to treat symptomatic persistent atrial fibrillation. It also commenced enrollment in the ReMATCH IDE clinical trial for its FARAWAVE and FARAPOINT PFA Catheters. Internationally, the company received CE mark approval for its WATCHMAN FLX Pro Left Atrial Appendage Closure Device.
Boston Scientific Corporation (NYSE:BSX) develops, manufactures, and markets medical devices for use in various interventional medical specialties. It has two segments: MedSurg and Cardiovascular.
10. Advanced Micro Devices Inc. (NASDAQ:AMD)
TTM Net Income as of August 4: $2.23 billion
Number of Hedge Fund Holders: 97
Dollar Value of Billionaire Holdings: $5.12 billion
Number of Billionaire Investors: 18
Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the most profitable growth stocks to buy according to billionaires. On August 4, Arteris Inc. (NASDAQ:AIP) announced that AMD licensed its FlexGen network-on-chip/NoC interconnect IP. This technology will be used in AMD’s next-gen AI chiplet designs.
The partnership will enhance product performance and efficiency by providing high-performance data transport within AMD chiplets, which power AI applications across various devices. The collaboration highlights the growing complexity of modern chip designs, which require multiple specialized interconnects to meet the demands of electronic systems.
Arteris’ FlexGen NoC IP will work alongside AMD’s Infinity Fabric interconnect. According to K. Charles Janac, the president and CEO of Arteris, modern chiplets often contain between 5 and 20 interconnect networks for data transport. The integration is expected to accelerate performance and scalability for demanding applications.
Advanced Micro Devices Inc. (NASDAQ:AMD) is a semiconductor company that operates through 3 segments: Data Center, Client and Gaming, and Embedded.
Arteris Inc. (NASDAQ:AIP) provides semiconductor system intellectual property solutions. It manages on-chip communications and IP block deployments in System-on-Chip/SoC semiconductors and systems of chiplets.
9. ServiceNow Inc. (NYSE:NOW)
TTM Net Income as of August 4: $1.66 billion
Number of Hedge Fund Holders: 106
Dollar Value of Billionaire Holdings: $3.87 billion
Number of Billionaire Investors: 19
ServiceNow Inc. (NYSE:NOW) is one of the most profitable growth stocks to buy according to billionaires. On July 24, RBC Capital raised its price target on ServiceNow shares to $1,200 from $1,100, while maintaining an Outperform rating. The firm believes the company’s outlook is conservative for Q2 2025, with a solid upside potential.
In Q1 2025, ServiceNow reported its biggest-ever first-quarter for net new Annual Contract Value/ACV. The number of Pro Plus deals more than quadrupled year-over-year, and 72 deals were greater than $1 million in net new ACV, which was a rise from 63 a year ago. Additionally, the number of customers generating over $5 million in ACV reached 508.
The company generated a subscription revenue of $3.005 billion, which was a 20% year-over-year increase. The company still raised its full-year 2025 subscription revenue guidance to a range of $12.64 billion to $12.68 billion, representing 18.5-19% year-over-year growth. For Q2 alone, subscription revenue guidance was set between $3.030 and $3.035 billion, which is a 19-19.5% growth.
ServiceNow Inc. (NYSE:NOW) provides a cloud-based solution for digital workflows in North America, Europe, the Middle East and Africa, Asia Pacific, and internationally.
8. Lam Research Corporation (NASDAQ:LRCX)
TTM Net Income as of August 4: $5.36 billion
Number of Hedge Fund Holders: 91
Dollar Value of Billionaire Holdings: $3.50 billion
Number of Billionaire Investors: 20
Lam Research Corporation (NASDAQ:LRCX) is one of the most profitable growth stocks to buy according to billionaires. On August 1, Argus Research raised its price target on Lam Research to $120 from $105, while maintaining a Buy rating on the shares. The firm noted that Lam Research topped consensus estimates for adjusted EPS and revenue, concluding a solid growth year in fiscal 2025 after a downturn in fiscal 2024. As of July, semiconductors remained exempt from tariffs.
In Q2 2025, Lam Research made a total revenue of $5.17 billion, which was a 33.6% year-over-year increase. This number surpassed market revenue expectations of $5.01 billion by 3.3%. Non-GAAP adjusted EPS was $1.33, which exceeded analyst consensus estimates of $1.21 by 10.3%. The operating margin for the quarter was 33.7%, up from 29.1% in the same quarter last year.
For Q3, Lam Research provided optimistic guidance, with projected revenue at $5.2 billion at the midpoint, which is 10.8% above analyst estimates of $4.69 billion. The adjusted EPS guidance for Q3 is $1.20 at the midpoint, exceeding analyst estimates of $1.00. This marks 5 consecutive quarters of growth for the company.
Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits.
7. Tesla Inc. (NASDAQ:TSLA)
TTM Net Income as of August 4: $5.88 billion
Number of Hedge Fund Holders: 104
Dollar Value of Billionaire Holdings: $8.09 billion
Number of Billionaire Investors: 21
Tesla Inc. (NASDAQ:TSLA) is one of the most profitable growth stocks to buy according to billionaires. On August 4, Tesla’s board of directors awarded CEO Elon Musk an interim compensation package worth ~$30 billion. The package consists of 96 million restricted shares, which Musk is required to hold for 5 years. A key condition for the shares to vest is that he must remain an executive at Tesla for at least 2 years.
The award is a demonstration of faith and is intended to keep Musk focused on the company amid growing concerns about his commitment and a contentious legal battle over a previous compensation package. The new deal comes as a result of a legal battle over Musk’s 2018 compensation package, which would have granted him $55.8 billion in Tesla shares.
A Delaware court had previously ruled that the 2018 package was approved through an unfair process. Although shareholders voted last year to restore the package, the matter is currently pending before the Delaware Supreme Court. If Musk wins the legal battle for the 2018 package, the new deal announced on August 4 will be nullified.
Tesla Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells electric vehicles, and energy generation & storage systems in the US, China, and internationally.
6. Uber Technologies Inc. (NYSE:UBER)
TTM Net Income as of August 4: $12.29 billion
Number of Hedge Fund Holders: 145
Dollar Value of Billionaire Holdings: $1.72 billion
Number of Billionaire Investors: 22
Uber Technologies Inc. (NYSE:UBER) is one of the most profitable growth stocks to buy according to billionaires. On July 29, UBS analyst Stephen Ju raised the firm’s price target on Uber to $115 from $107 while keeping a Buy rating on the shares. Q1 2025 was a profitable quarter for the company, with trips increasing by 18% year-over-year to 3 billion, which was driven by a 14% growth in Monthly Active Platform Consumers/MAPCs to 170 million.
The company’s profitability saw an improvement. Income from operations was $1.2 billion, which was up by $1.1 billion from the previous year. Net income attributable to Uber was $1.8 billion, which included a $51 million net benefit from revaluations of equity investments. At the end of the quarter, the company held $6 billion in unrestricted cash, cash equivalents, and short-term investments.
Looking ahead to the second quarter of 2025, Uber provided a positive outlook. The company anticipates Gross Bookings to be between $45.75 and $47.25 billion in Q2, which would represent a constant currency growth of 16-20%.
Uber Technologies Inc. (NYSE:UBER) develops and operates proprietary technology applications that operate through 3 segments: Mobility, Delivery, and Freight.
5. Eli Lilly and Company (NYSE:LLY)
TTM Net Income as of August 4: $11.11 billion
Number of Hedge Fund Holders: 119
Dollar Value of Billionaire Holdings: $13.74 billion
Number of Billionaire Investors: 23
Eli Lilly and Company (NYSE:LLY) is one of the most profitable growth stocks to buy according to billionaires. On August 1, Eli Lilly announced the topline results from its SURPASS-CVOT trial/NCT04255433, which is a phase III study that investigated the cardiovascular benefits of its dual-agonist drug Mounjaro (tirzepatide). The ~5-year trial involved 13,299 patients with type 2 diabetes and established atherosclerotic cardiovascular disease, comparing once-weekly Mounjaro against Trulicity (dulaglutide), which is another GLP-1 RA from Eli Lilly.
The study achieved its primary endpoint by demonstrating Mounjaro’s noninferiority to Trulicity in reducing the 3 major adverse cardiovascular events/MACE-3, which include cardiovascular death, heart attack, or stroke. Overall, Mounjaro reduced the MACE-3 by 8% compared to Trulicity. Analysts from William Blair and Citi expressed disappointment that the trial did not show superiority over Trulicity.
Mounjaro reduced MACE-3 by an estimated 28% and all-cause mortality by 39% when compared to a placebo. Additionally, Mounjaro led to greater improvements in A1C, weight, and cardiovascular biomarkers. A significant finding was a 16% lower rate of all-cause mortality compared to Trulicity, as well as greater kidney protection
Eli Lilly and Company (NYSE:LLY) discovers, develops, and markets human pharmaceuticals in the US, Europe, China, Japan, and internationally.
4. Netflix Inc. (NASDAQ:NFLX)
TTM Net Income as of August 4: $10.25 billion
Number of Hedge Fund Holders: 150
Dollar Value of Billionaire Holdings: $12.75 billion
Number of Billionaire Investors: 25
Netflix Inc. (NASDAQ:NFLX) is one of the most profitable growth stocks to buy according to billionaires. On July 21, New Street analyst Dan Salmon raised his price target for Netflix from $975 to $1,210 while keeping a Neutral rating on the stock. The revision reflected a positive outlook on the company’s performance.
Netflix increased its full-year revenue guidance to a range of $44.8 to $45.2 billion, due to strong business performance and favorable foreign exchange impacts. The company is also experiencing healthy member growth, and its ad sales are on track to double this year. The global rollout of its ad tech stack has also been successful, making advertising easier and increasing programmatic buying.
The company also has a strong content slate planned for H2 2025, including popular titles like Squid Game and Stranger Things. However, Netflix is facing challenges in growing engagement per member household, and there is a concern about stagnation in domestic viewing share due to competition from other streaming services and free platforms.
Netflix Inc. (NASDAQ:NFLX) provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages.
3. Alphabet Inc. (NASDAQ:GOOGL)
TTM Net Income as of August 4: $115.57 billion
Number of Hedge Fund Holders: 227
Dollar Value of Billionaire Holdings: $22.42 billion
Number of Billionaire Investors: 33
Alphabet Inc. (NASDAQ:GOOGL) is one of the most profitable growth stocks to buy according to billionaires. On August 5, Google announced that its AI-powered vulnerability researcher, named Big Sleep, has successfully found and reported 20 security vulnerabilities. Developed as a collaboration between Google’s AI division, DeepMind, and its elite hacking team, Project Zero, Big Sleep is an LLM-based tool designed to find bugs without human intervention.
The vulnerabilities were discovered in various popular open-source software, such as the audio and video library FFmpeg and the image-editing suite ImageMagick. While a human expert is involved in a final review to ensure the quality of the reports before they are submitted, Google confirmed that Big Sleep found and reproduced each vulnerability autonomously.
Big Sleep is not the only AI-powered bug hunter; other projects like RunSybil and XBOW have also shown promise. Vlad Ionescu, the co-founder of RunSybil, validated Big Sleep as a legit project, noting the strong expertise and resources behind it.
Alphabet Inc. (NASDAQ:GOOGL) offers various products and platforms in the US, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments.
2. Meta Platforms Inc. (NASDAQ:META)
TTM Net Income as of August 4: $71.51 billion
Number of Hedge Fund Holders: 273
Dollar Value of Billionaire Holdings: $32.46 billion
Number of Billionaire Investors: 36
Meta Platforms Inc. (NASDAQ:META) is one of the most profitable growth stocks to buy according to billionaires. On August 1, Barclays raised the firm’s price target on Meta Platforms to $810 from $640 and kept an Overweight rating on the shares following the Q2 report. The company is taking big swings to create more shareholder value compared to the stagnation across most of the large-cap tech.
In Q2 2025, Meta reported a revenue of $47.52 billion, which was a 22% increase year-over-year. Net income for the quarter was $18.34 billion, which was a 36% jump.
Operationally, the company saw continued growth in its user base and advertising business. Family daily active people/DAP averaged 3.48 billion in June, which was a 6% increase. Ad impressions delivered across Meta’s apps increased by 11% and the average price per ad rose by 9%. The company’s cash, cash equivalents, and marketable securities stood at $47.07 billion as of June 30 this year.
Meta Platforms Inc. (NASDAQ:META) develops products that enable people to connect and share with friends and family through two segments: Family of Apps/FoA and Reality Labs/RL.
1. Amazon.com Inc. (NASDAQ:AMZN)
TTM Net Income as of August 4: $70.62 billion
Number of Hedge Fund Holders: 328
Dollar Value of Billionaire Holdings: $33.04 billion
Number of Billionaire Investors: 40
Amazon.com Inc. (NASDAQ:AMZN) is one of the most profitable growth stocks to buy according to billionaires. On August 4, Amazon announced a restructuring of its audio business, which will result in the layoff of roughly 110 employees from its Wondery podcast division. As part of this reorganization, Wondery CEO Jen Sargent is stepping down from her role.
The news comes ~5 years after Amazon acquired Wondery as part of its push into original audio content, with hit shows such as “Dirty John” and “Dr. Death.” According to a memo from Steve Boom, Amazon’s vice president of audio, Twitch, and games, the company is consolidating some Wondery teams.
The teams responsible for narrative podcasts will be integrated into the Audible division, while the teams for “creator-led shows,” such as Jason and Travis Kelce’s “New Heights” podcast and Dax Shepard’s “Armchair Expert,” will move to a new “creator services” unit within Amazon. Boom explained that the podcast landscape has evolved, with a rise in video podcasts that require different strategies for discovery, growth, and monetization compared to audio-first series.
Amazon.com Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores in North America and internationally.
While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has 100x upside potential, check out our report about this cheapest AI stock.
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